Adopted Budget	
Fiscal Year 2023	

Centre Lake	
Community Development District	

September 1, 2022

Centre Lake	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Budget Narrative	

Page 1-2	
Page 3-5	

Debt Service Fund - Series 2016	
Budget	
Amortization Schedule	

Page 6	
Page 7	

Debt Service Fund - Series 2021	
Budget	
Amortization Schedule	

Page 8	
Page 9	

Centre Lake	
Community Development District	

 Description	

General Fund

Projected	
Next	
	2 Months		

 	
Total	
Projected	
  9/30/2022		

	
Adopted	
Budget	
	FY 2023		

Adopted	
Budget	
	FY 2022		

Actual	
Thru	
	7/31/2022		

Revenues

Maintenance Assessments	
Interest Income	
Party Rentals	
Fob-Access Cards	
Misc Income	
Carryforward Surplus	

$241,000	
$0	
$0	
$0	
$0	
$0	

$242,638	
$3,605	
$2,225	
$766	
$500	
$425,401	

$0	
$721	
$445	
$153	
$100	
$0	

$242,638	
$4,326	
$2,670	
$919	
$600	
$425,401	

$682,319	
$0	
$0	
$0	
$0	
$57,669	

 TOTAL REVENUES			$241,000 		$675,134 		$1,419 		$676,553 		$739,989 
Expenditures

Administrative	
Engineering Fees	
Arbitrage	
Dissemination Agent	
Assessment Roll	
Attorney Fees	
Annual Audit	
Trustee Fees	
Management Fees	
Computer Time	
Website Compliance	
Telephone	
Postage	
Printing & Binding	
Insurance	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscription	

$6,000	
$2,750	
$2,500	
$5,000	
$12,000	
$3,500	
$3,250	
$33,372	
$1,000	
$1,000	
$40	
$200	
$300	
$6,520	
$700	
$450	
$90	
$175	

$8,328	
$2,750	
$2,083	
$5,000	
$19,695	
$3,600	
$3,250	
$27,810	
$833	
$833	
$0	
$839	
$857	
$6,127	
$837	
$828	
$1,206	
$175	

$1,666	
$0	
$417	
$0	
$3,939	
$0	
$0	
$5,562	
$167	
$167	
$10	
$161	
$143	
$0	
$363	
$172	
$50	
$0	

$9,993	
$2,750	
$2,500	
$0	
$23,634	
$3,600	
$3,250	
$33,372	
$1,000	
$1,000	
$10	
$1,000	
$1,000	
$6,127	
$1,200	
$1,000	
$1,256	
$175	

$15,000	
$2,750	
$2,500	
$5,000	
$25,000	
$3,700	
$3,250	
$35,708	
$1,200	
$1,000	
$40	
$500	
$600	
$6,900	
$700	
$600	
$90	
$175	

 TOTAL ADMINISTRATIVE			$78,847 		$85,052 		$12,816 		$92,867 		$104,713 

Field	
Field Management	
Electric	
Water	
General Repairs	
Landscape Maintenance	
Plant Replacement	
Lake Maintenance	
Fountain Maintenance	
Midge Control	
Lake Debris Removal	
Holiday Decorations	
Sidewalk Maintenance	
Contingency	

$12,000	
$0	
$0	
$15,000	
$65,000	
$5,000	
$14,400	
$7,200	
$28,553	
$2,000	
$5,000	
$5,000	
$3,000	

$10,000	
$1,019	
$13,410	
$15,042	
$50,810	
$773	
$12,000	
$3,020	
$14,000	
$0	
$10,260	
$0	
$74,486	

$2,000	
$291	
$2,682	
$2,507	
$14,190	
$155	
$2,400	
$3,120	
$4,759	
$333	
$0	
$833	
$12,414	

$12,000	
$1,310	
$16,092	
$17,549	
$65,000	
$928	
$14,400	
$6,140	
$18,759	
$333	
$10,260	
$833	
$86,900	

$12,840	
$1,200	
$6,000	
$15,000	
$65,000	
$5,000	
$14,400	
$7,200	
$28,553	
$2,000	
$15,000	
$5,000	
$9,577	

 TOTAL FIELD			$162,153 		$204,819 		$45,685 		$250,504 		$186,770 

Centre Lake	
Community Development District	

 Description	

Adopted	
Budget	
	FY 2022		

Actual	
Thru	
	7/31/2022		

General Fund

Projected	
Next	
	2 Months		

 	
Total	
Projected	
  9/30/2022		

	
Adopted	
Budget	
FY 2023	

Clubhouse	
Management Fees	
Janitorial Supplies	
Insurance	
Access Control	
Air Conditioning Maintenance	
Telephone	
Internet/Cable	
Electric	
Fire Alarm & Building Monitoring	
Refuse Services	
Water and Sewer	
Repairs and Maintenance	
Pool Maintenance	
Pool Repairs	
Landscape Maintenance	
Landscape Replacement	
Irrigation Repairs	
Fitness Equipment Maintenance	
Fitness Equipment Repair	
Pest Control	
Special Events	
Operating Supplies	
Contingencies	
Holiday Decoration	
Dues, Licenses & Subscription	

 	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	

	
$129,441	
$0	
$10,591	
$0	
$0	
$1,423	
$3,407	
$19,153	
$450	
$4,233	
$0	
$12,810	
$16,350	
$32,532	
$3,000	
$0	
$0	
$1,308	
$0	
$1,380	
$5,084	
$2,809	
$5,593	
$0	
$500	

	
$21,574	
$0	
$0	
$0	
$0	
$356	
$800	
$4,400	
$75	
$1,200	
$0	
$2,135	
$3,040	
$5,422	
$1,000	
$0	
$0	
$300	
$0	
$540	
$847	
$468	
$932	
$0	
$0	

	
$151,015	
$0	
$0	
$0	
$0	
$1,779	
$4,207	
$23,553	
$0	
$5,433	
$0	
$14,945	
$19,390	
$37,954	
$4,000	
$0	
$0	
$1,608	
$0	
$1,920	
$5,931	
$3,277	
$0	
$0	
$500	

	
$186,000	
$3,600	
$27,063	
$1,800	
$1,500	
$2,200	
$4,800	
$25,000	
$2,400	
$8,000	
$15,000	
$20,000	
$30,000	
$20,000	
$6,000	
$6,000	
$2,400	
$1,800	
$8,000	
$2,400	
$12,000	
$2,000	
$38,543	
$21,000	
$1,000	

 Total Clubhouse				$0 			$250,065 			$43,089 			$275,513 		$448,506	
											
 TOTAL EXPENDITURES				$241,000 			$539,936 			$101,589 			$618,884 		$739,989	
											
 UNASSIGNED FUND BALANCE				$0 			$135,198 			($100,170)			$57,669 		($0)	

	FY2022		FY2023	
	Adminst. & Field		Clubhouse		Adminst. & Field		Clubhouse		Total Assessment	
Gross Assessment - Per Unit		$526.32		$0.00		$526.32		$963.79		$1,490.11	
Less: Disc. & Coll. (4%)		(26.32)		0.00		(26.32)		($38.55)		($64.87)	
Net Assessment - Per Unit		$500.00		$0.00		$500.00		$915.60		$1,415.60	
											
Number of Units		482		482	
Gross Assessment - Total		$253,686.24		$0.00		$253,686.24		$464,546.78		$718,233.02	
Less: Disc. & Coll. (4%)		($12,686.24)		$0.00		($12,686.24)		($18,581.87)		($31,268.11)	
Net Assessment - Per Unit		$241,000.00		$0.00		$241,000.00		$441,319.20		$682,319.20	

Centre Lake
Community Development District

REVENUES:

Assessments
The District will levy a Maintenance Assessment on all assessable property within the District.

Interest Income
The District will have all excess funds invested with the State Board of Administration. The Amount is based upon the estimated average balance of funds available during the fiscal year.

EXPENDITURES:

Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage Rebate Calculation
The District is required to annually have an arbitrage rebate calculation on the District's Series 2016 Special Assessment Bonds. The District will contract with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Assessment Roll
The District receives Annual Assessment Administration of 1% of assessments not to exceed $5,000. Annually by GMS, SF, LLC.

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, resolutions etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Per Section
218.39 of the Florida Statues.

Trustee Fees
The District issued Series 2016 Special Assessment Bonds which are held with a Trustee at Zions Bank. The amount of the trustee fees budgeted is based on the agreement between Zions Bank and the District.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Computer Time
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.

Website Compliance
Per Section 189.069 F.S, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated as required by the Statute.

Telephone
Telephone and fax machine.

Centre Lake
Community Development District

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Administrative: (continued)

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc in a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field:

Field Management
The supervision and on-site management of Centre Lake CDD. The responsibilities include reviewing contracts and other maintenance related items.

Landscape Maintenance
Common area lawn maintenance. Includes grass cutting and edging, quarterly fertilization, bi-monthly pest control and weed control.

Plant Replacement
The District will go into contract for the replacement of plants needed along the common areas.

General Repairs
Includes maintenance and repair work that may come up during the Fiscal Year.

Lake Maintenance
Includes monthly Lake Management Services for the Lakes in the District.

Midge Control
The District will hire a company to provide midge management services.

Lake Debris Removal
Includes monthly cleaning and debris removal of all CDD lakes.

Holiday Decorations
The District will hire a company to decorate the common grounds for the holidays.

Sidewalk Maintenance
This line item is the estimated cost for the maintenance of the sidewalks.

Contingency
Any unscheduled repairs and maintenance that the District should incur during the fiscal year.

Centre Lake
Community Development District

Fountain Maintenance
This is the estimated cost for the maintenance of the fountains within the district.

Electricity
FPL provides electricity for Common Area Lighting.

Water
Water cost for the for common areas such as fountains and entrances.

Clubhouse Maintenance:

Management Fees
Onsite management fees for the clubhouse.

Telephone
Cost of telephone lines for telephone, internet, fax and alarm systems.

Trash Collection/Recycling
Cost of trash and recycling removal.

Water & Sewer
Water and sewer cost for the Club.

Repairs/Maintenance
Maintenance expenditures required to repair and maintain the Club.

Operating Supplies/Clubhouse Supplies
Supplies to run Club and Club Office.

Pest Control
Preventative maintenance for bugs and rodents.

Pool Maintenance
Cost to maintain the pool, does not include repairs.

Pool Repairs
Cost to make unanticipated repairs to the pool.

Landscape Maintenance
Maintaining the lawn and plants around the club.

Cable and Internet
Estimated cost of cable TV and internet for the Club with Comcast and Ark Solvers as needed.

Special events
Expenses related to Social Events.

Holiday Decorations
The District will hire a company to decorate the clubhouse for the holidays

Dues, Licenses & Subscriptions
The club is required to renew pool permits and licenses annually.

.

Centre Lake	
Community Development District	

 	
Debt Service Fund	
Series 2016 Special Assessment Bonds	

Adopted	
Budget	
	FY 2022		

Actual	
Thru	
  7/31/2022		

Projected	
Next	
	2 Months		

Total	Adopted	
Projected	Budget	
  9/30/2022		FY 2023		

 Description	

Revenues	
Special Assessments - A Bonds	
Interest Income	
Carry Forward Surplus (1)	

$676,618	$681,210	
$0	$1,503	
$506,266	$506,330	

$0	
$251	
$0	

$681,210	
$1,754	
$506,330	

$676,618	
$0	
$518,870	

 TOTAL REVENUES			$1,195,488 

	$1,182,884 			$1,189,043 	

	$251 			$1,189,293 	

Interest 12/15/2023	
Principal 12/15/2023	

Expenditures

Series 2016	
Interest - 12/15	
Principal - 12/15	
Interest - 06/15	

$229,459	
$215,000	
$225,965	

$229,459	
$215,000	
$225,965	

$0	
$0	
$0	

$229,459	
$215,000	
$225,965	

$225,965	
$220,000	
$221,428	

 TOTAL EXPENDITURES				$670,424 			$670,424 			$0 			$670,424 			$667,393 	
 EXCESS REVENUES				$512,460 			$518,619 			$251 			$518,870 			$528,095 	
	
$ 221,427.50	
	 $ 230,000.00 	
	 $ 451,427.50 	

		Series 2016		
Land Use	No. Units	Gross Per Unit	TOTAL	
Single	256	$1,767.76	$452,546.56	
Townhomes		226		$1,149.04		$259,683.04		
	482		$712,229.60	
	Less Disc	ount/Collection Fees	  ($35,611.48) 	
	T	otal Net Assessment	$676,618.12	

(1) Carry forward surplus is net of the reserve requirement.

Centre Lake	
Community Development District	

 	
Series 2016 Special Assessment Bonds	
Amortization Schedule	

PRINCIPAL					
DATE	BALANCE	COUPON	PRINCIPAL	INTEREST	TOTAL	
12/15/22	$9,810,000.00	4.125%	$220,000.00	$225,965.00	$671,930.00	
06/15/23	$9,590,000.00	4.125%	$0.00	$221,427.50	$0.00	
12/15/23	$9,590,000.00	4.125%	$230,000.00	$221,427.50	$672,855.00	
06/15/24	$9,360,000.00	4.125%	$0.00	$216,683.75	$0.00	
12/15/24	$9,360,000.00	4.125%	$240,000.00	$216,683.75	$673,367.50	
06/15/25	$9,120,000.00	4.125%	$0.00	$211,733.75	$0.00	
12/15/25	$9,120,000.00	4.125%	$250,000.00	$211,733.75	$673,467.50	
06/15/26	$8,870,000.00	4.125%	$0.00	$206,577.50	$0.00	
12/15/26	$8,870,000.00	4.125%	$260,000.00	$206,577.50	$673,155.00	
06/15/27	$8,610,000.00	4.125%	$0.00	$201,215.00	$0.00	
12/15/27	$8,610,000.00	4.125%	$270,000.00	$201,215.00	$672,430.00	
06/15/28	$8,340,000.00	4.500%	$0.00	$195,646.25	$0.00	
12/15/28	$8,340,000.00	4.500%	$285,000.00	$195,646.25	$676,292.50	
06/15/29	$8,055,000.00	4.500%	$0.00	$189,233.75	$0.00	
12/15/29	$8,055,000.00	4.500%	$295,000.00	$189,233.75	$673,467.50	
06/15/30	$7,760,000.00	4.500%	$0.00	$182,596.25	$0.00	
12/15/30	$7,760,000.00	4.500%	$310,000.00	$182,596.25	$675,192.50	
06/15/31	$7,450,000.00	4.500%	$0.00	$175,621.25	$0.00	
12/15/31	$7,450,000.00	4.500%	$325,000.00	$175,621.25	$676,242.50	
06/15/32	$7,125,000.00	4.500%	$0.00	$168,308.75	$0.00	
12/15/32	$7,125,000.00	4.500%	$340,000.00	$168,308.75	$676,617.50	
06/15/33	$6,785,000.00	4.700%	$0.00	$160,658.75	$0.00	
12/15/33	$6,785,000.00	4.700%	$355,000.00	$160,658.75	$676,317.50	
06/15/34	$6,430,000.00	4.700%	$0.00	$152,316.25	$0.00	
12/15/34	$6,430,000.00	4.700%	$370,000.00	$152,316.25	$674,632.50	
06/15/35	$6,060,000.00	4.700%	$0.00	$143,621.25	$0.00	
12/15/35	$6,060,000.00	4.700%	$385,000.00	$143,621.25	$672,242.50	
06/15/36	$5,675,000.00	4.700%	$0.00	$134,573.75	$0.00	
12/15/36	$5,675,000.00	4.700%	$405,000.00	$134,573.75	$674,147.50	
06/15/37	$5,270,000.00	4.700%	$0.00	$125,056.25	$0.00	
12/15/37	$5,270,000.00	4.700%	$425,000.00	$125,056.25	$675,112.50	
06/15/38	$4,845,000.00	4.750%	$0.00	$115,068.75	$0.00	
12/15/38	$4,845,000.00	4.750%	$445,000.00	$115,068.75	$675,137.50	
06/15/39	$4,400,000.00	4.750%	$0.00	$104,500.00	$0.00	
12/15/39	$4,400,000.00	4.750%	$465,000.00	$104,500.00	$674,000.00	
06/15/40	$3,935,000.00	4.750%	$0.00	$93,456.25	$0.00	
12/15/40	$3,935,000.00	4.750%	$485,000.00	$93,456.25	$671,912.50	
06/15/41	$3,450,000.00	4.750%	$0.00	$81,937.50	$0.00	
12/15/41	$3,450,000.00	4.750%	$510,000.00	$81,937.50	$673,875.00	
06/15/42	$2,940,000.00	4.750%	$0.00	$69,825.00	$0.00	
12/15/42	$2,940,000.00	4.750%	$535,000.00	$69,825.00	$674,650.00	
06/15/43	$2,405,000.00	4.750%	$0.00	$57,118.75	$0.00	
12/15/43	$2,405,000.00	4.750%	$560,000.00	$57,118.75	$674,237.50	
06/15/44	$1,845,000.00	4.750%	$0.00	$43,818.75	$0.00	
12/15/44	$1,845,000.00	4.750%	$585,000.00	$43,818.75	$672,637.50	
06/15/45	$1,260,000.00	4.750%	$0.00	$29,925.00	$0.00	
12/15/45	$1,260,000.00	4.750%	$615,000.00	$29,925.00	$674,850.00	
06/15/46	$645,000.00	4.750%	$0.00	$15,318.75	$0.00	
12/15/46	$645,000.00	4.750%	$645,000.00	$15,318.75	$675,637.50	

$9,810,000.00	$6,818,442.50	$16,854,407.50	

Centre Lake	
Community Development District	

 	
Debt Service Fund	
Series 2021 Special Assessment Bonds	

Proposed	
Budget	
	FY 2022		

Actual	
Thru	
  7/31/2022		

Projected	
Next	
	2 Months		

Total	Adopted	
Projected	Budget	
  9/30/2022		FY 2023		

 Description	

Revenues	
Special Assessments - A Bonds	
Interest Income	
Carry Forward Surplus (1)	

$0	$0	
$0	$388	
$0	$0	

$0	
$65	
$0	

$0	
$452	
$0	

$559,933	
$0	
$230,602	

 TOTAL REVENUES			$790,535 

	$0 			$388 	

	$65 			$452 	

Expenditures

Series 2021	
Interest - 11/01	
Principal - 05/01	
Interest - 05/01	

$0	
$0	
$145,419	

$0	
$0	
$0	

$0	
$0	
$145,419	

$0	
$0	
$145,419	

$172,206	
$210,000	
$172,206	

 TOTAL EXPENDITURES				$145,419 			$0 			$145,419 			$145,419 			$554,413 	
Other Sources and Uses											

Bond Proceeds	
Interfund Transfer In/(Out)	

$373,035	
$0	

$373,035	
$2,534	

$0	
$0	

$373,035	
$2,534	

$0	
$0	

 TOTAL OTHER SOURCES AND USES				$373,035 			$375,569 			$0 		$375,569 			$0 	
 EXCESS REVENUES				$227,616 			$375,956 			($145,354)		$230,602 			$236,123 	
							
Interest 11/01/2023			

		Series 2021		
Land Use	No. Units	Gross Per Unit	TOTAL	
Single	256	$1,210.09	$309,783.04	
Townhomes		226		$1,210.09		$273,480.34		
	482		$583,263.38	
	Less Disc	ount/Collection Fees	  ($23,330.54) 	
	T	otal Net Assessment	$559,932.84	

$ 169,318.75	
 $ 169,318.75 	

(1) Carry forward surplus is net of the reserve requirement.

Centre Lake	
Community Development District	

Series 2021 Special Assessment Bonds	
Amortization Schedule	

PRINCIPAL					
DATE	BALANCE	COUPON	PRINCIPAL	INTEREST	TOTAL	
1-May-22	$10,140,000.00		$0.00	$145,418.61	$145,418.61	
1-Nov-22	$10,140,000.00		$0.00	$172,206.25	$344,412.50	
1-May-23	$10,140,000.00	2.750%	$210,000.00	$172,206.25		
1-Nov-23	$9,930,000.00	2.750%	$0.00	$169,318.75	$338,637.50	
1-May-24	$9,930,000.00	2.750%	$215,000.00	$169,318.75		
1-Nov-24	$9,715,000.00	2.750%	$0.00	$166,362.50	$332,725.00	
1-May-25	$9,715,000.00	2.750%	$220,000.00	$166,362.50		
1-Nov-25	$9,495,000.00	2.750%	$0.00	$163,337.50	$326,675.00	
1-May-26	$9,495,000.00	2.750%	$230,000.00	$163,337.50		
1-Nov-26	$9,265,000.00	2.750%	$0.00	$160,175.00	$320,350.00	
1-May-27	$9,265,000.00	2.750%	$235,000.00	$160,175.00		
1-Nov-27	$9,030,000.00	2.750%	$0.00	$156,943.75	$313,887.50	
1-May-28	$9,030,000.00	2.750%	$240,000.00	$156,943.75		
1-Nov-28	$8,790,000.00	2.750%	$0.00	$153,643.75	$307,287.50	
1-May-29	$8,790,000.00	2.750%	$250,000.00	$153,643.75		
1-Nov-29	$8,540,000.00	2.750%	$0.00	$150,206.25	$300,412.50	
1-May-30	$8,540,000.00	2.750%	$255,000.00	$150,206.25		
1-Nov-30	$8,285,000.00	2.750%	$0.00	$146,700.00	$293,400.00	
1-May-31	$8,285,000.00	2.750%	$260,000.00	$146,700.00		
1-Nov-31	$8,025,000.00	2.750%	$0.00	$143,125.00	$286,250.00	
1-May-32	$8,025,000.00	3.000%	$270,000.00	$143,125.00		
1-Nov-32	$7,755,000.00	3.000%		$139,075.00	$278,150.00	
1-May-33	$7,755,000.00	3.000%	$280,000.00	$139,075.00		
1-Nov-33	$7,475,000.00	3.000%	$0.00	$134,875.00	$269,750.00	
1-May-34	$7,475,000.00	3.000%	$285,000.00	$134,875.00		
1-Nov-34	$7,190,000.00	3.000%	$0.00	$130,600.00	$261,200.00	
1-May-35	$7,190,000.00	3.000%	$295,000.00	$130,600.00		
1-Nov-35	$6,895,000.00	3.000%	$0.00	$126,175.00	$252,350.00	
1-May-36	$6,895,000.00	3.000%	$305,000.00	$126,175.00		
1-Nov-36	$6,590,000.00	3.000%	$0.00	$121,600.00	$243,200.00	
1-May-37	$6,590,000.00	3.000%	$315,000.00	$121,600.00		
1-Nov-37	$6,275,000.00	3.000%	$0.00	$116,875.00	$233,750.00	
1-May-38	$6,275,000.00	3.000%	$325,000.00	$116,875.00		
1-Nov-38	$5,950,000.00	3.000%	$0.00	$112,000.00	$224,000.00	
1-May-39	$5,950,000.00	3.000%	$335,000.00	$112,000.00		
1-Nov-39	$5,615,000.00	3.000%	$0.00	$106,975.00	$213,950.00	
1-May-40	$5,615,000.00	3.000%	$345,000.00	$106,975.00		
1-Nov-40	$5,270,000.00	3.000%	$0.00	$101,800.00	$203,600.00	
1-May-41	$5,270,000.00	3.000%	$355,000.00	$101,800.00		
1-Nov-41	$4,915,000.00	3.000%	$0.00	$96,475.00	$192,950.00	
1-May-42	$4,915,000.00	3.000%	$365,000.00	$96,475.00		
1-Nov-42	$4,550,000.00	3.000%	$0.00	$91,000.00	$182,000.00	
1-May-43	$4,550,000.00	4.000%	$375,000.00	$91,000.00		
1-Nov-43	$4,175,000.00	4.000%	$0.00	$83,500.00	$167,000.00	
1-May-44	$4,175,000.00	4.000%	$395,000.00	$83,500.00		
1-Nov-44	$3,780,000.00	4.000%	$0.00	$75,600.00	$151,200.00	
1-May-45	$3,780,000.00	4.000%	$410,000.00	$75,600.00		
1-Nov-45	$3,370,000.00	4.000%	$0.00	$67,400.00	$134,800.00	
1-May-46	$3,370,000.00	4.000%	$425,000.00	$67,400.00		
1-Nov-46	$2,945,000.00	4.000%	$0.00	$58,900.00	$117,800.00	
1-May-47	$2,945,000.00	4.000%	$445,000.00	$58,900.00		
1-Nov-47	$2,500,000.00	4.000%	$0.00	$50,000.00	$100,000.00	
1-May-48	$2,500,000.00	4.000%	$460,000.00	$50,000.00		
1-Nov-48	$2,040,000.00	4.000%	$0.00	$40,800.00	$81,600.00	
1-May-49	$2,040,000.00	4.000%	$480,000.00	$40,800.00		
1-Nov-49	$1,560,000.00	4.000%	$0.00	$31,200.00	$62,400.00	
1-May-50	$1,560,000.00	4.000%	$500,000.00	$31,200.00		
1-Nov-50	$1,060,000.00	4.000%	$0.00	$21,200.00	$42,400.00	
1-May-51	$1,060,000.00	4.000%	$520,000.00	$21,200.00		
1-Nov-51	$540,000.00	4.000%	$0.00	$10,800.00	$21,600.00	
1-May-52	$540,000.00	4.000%	$540,000.00	$10,800.00		
	Total	$10,140,000.00	$6,743,156.11	$6,743,156.11